Vulcan Materials (NYSE:VMC) Shares Purchased by Alkeon Capital Management LLC

Alkeon Capital Management LLC grew its stake in Vulcan Materials (NYSE:VMC - Free Report) by 54.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,282,001 shares of the construction company's stock after buying an additional 450,000 shares during the quarter. Vulcan Materials accounts for about 0.7% of Alkeon Capital Management LLC's portfolio, making the stock its 21st largest holding. Alkeon Capital Management LLC owned about 0.97% of Vulcan Materials worth $329,769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VMC. Virtu Financial LLC acquired a new stake in shares of Vulcan Materials during the 3rd quarter worth approximately $811,000. DAVENPORT & Co LLC grew its position in Vulcan Materials by 149.4% during the fourth quarter. DAVENPORT & Co LLC now owns 9,393 shares of the construction company's stock valued at $2,416,000 after buying an additional 5,627 shares during the period. Smith Group Asset Management LLC purchased a new position in Vulcan Materials in the fourth quarter valued at $514,000. Campbell Newman Asset Management Inc. acquired a new position in shares of Vulcan Materials in the fourth quarter worth about $15,719,000. Finally, Franklin Resources Inc. boosted its stake in shares of Vulcan Materials by 284.9% during the 3rd quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company's stock worth $11,104,000 after acquiring an additional 33,051 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VMC. Royal Bank of Canada upped their price target on Vulcan Materials from $269.00 to $286.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 19th. Seaport Res Ptn upgraded Vulcan Materials to a "strong-buy" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. raised shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $290.00 to $285.00 in a report on Wednesday, March 19th. Loop Capital decreased their price objective on shares of Vulcan Materials from $325.00 to $320.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Finally, Stifel Nicolaus boosted their target price on shares of Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a research note on Friday. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $295.64.

Vulcan Materials Trading Up 1.2 %

NYSE VMC traded up $3.13 on Monday, reaching $270.18. The stock had a trading volume of 880,888 shares, compared to its average volume of 935,676. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average price of $239.42 and a two-hundred day moving average price of $259.87. Vulcan Materials has a 12-month low of $215.08 and a 12-month high of $298.31. The firm has a market capitalization of $35.69 billion, a price-to-earnings ratio of 39.44, a P/E/G ratio of 2.03 and a beta of 0.84.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.20. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the business earned $0.80 EPS. The company's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.49 dividend. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.46. The ex-dividend date was Monday, March 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.73%. Vulcan Materials's dividend payout ratio (DPR) is presently 27.80%.

Vulcan Materials Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.